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How Can Fashion Enthusiasts Benefit From Getting into Blockchain?

Fashion Enthusiasts News

Cryptocurrencies, NFTs, blockchain, and DAOs – none of these are things you’d expect to hear about at Fashion Week. Right now, the fashion world is still standing at a distance from the world of blockchain. Generally, fashion enthusiasts make clothing purchases using fiat currency rather than cryptocurrency, and as far as any of their “collections” go, they’re most likely not NFT collections. However, as we enter ever so boldly into the Web3 era of the internet, the many new conversations around blockchain are bound to have piqued the interest and curiosity of some fashionistas around the world, and maybe confused a few in the process. If this sounds like you, then consider this as your first step towards a new understanding of blockchain, through Faith Tribe – the upcoming blockchain project of Parisian fashion brand Faith Connexion. 

Decentralization Provides Easier Access Into The Fashion Industry

Faith Connexion wants to make it easier for the sartorially-minded to be part of the fashion design and production process, and Faith Tribe is their first fully decentralized and community-owned ecosystem for the collaborative creation of fashion items. When a platform is decentralized, this means that its operations are not governed by a single entity. Therefore, as a Decentralized Autonomous Organization (DAO), Faith Tribe is much more accessible as an entry point into the fashion industry than traditional organizational structures. Through the latest NFT technologies, new and unknown creatives will be empowered to design, customize, mint and distribute their own digital and physical fashion assets on their NFT platform, “Circle of Faith”.

Help Shape The Future of Fashion Design

Even if you aren’t a designer, you are encouraged to get involved with this process, and even contribute towards designs if you wish. Faith Connexion is a collaborative brand, and the NFT space reflects this culture of community harmoniously. Faith Tribe can serve as a place where you can find like-minded individuals, designers, artists or creatives needed for a project of your own.  There’s even an option for designers to crowdsource public contribution to co-own their design or collection of designs. Anyone into fashion could essentially become micro-investors of the fashion designers of the future. The community will be diverse and inclusive, regardless of income disparities, education level, race, gender, geography, or country of origin. This is a platform where your work will not be evaluated based on anything but the quality of your contributions as a creator.

Help to Direct The Future of the Platform

Fashion enthusiasts can take advantage of Faith Tribe’s DAO structure to have their say about how their platform is run. Community governance is established through $FTRB, a native cryptocurrency of the DAO and the “glue” of the community. By becoming a holder of $FTRB, you become part of the DAO, and therefore take on part of the responsibility for its governance. Owning $FTRB grants you the right to participate in product strategy, leadership decisions and even treasury fund allocation. Rights are distributed in proportion to the amount of $FTRB each member holds, therefore in order to ensure the future of the platform lies in the hands of those who care about it the most, the network will continuously funnel these tokens to the community’s most dedicated and engaged members.

Grow With Others

Entering the decentralized world can be a daunting task for anyone who is new to it. With its many layers, wallets, technical terms and acronyms, it would be easy to simply write it off and say “that’s not for me.” But by having friends and like-minded creatives in the space, who are all on a similar path working together on one community-run, decentralized platform, this can only encourage and nurture its users to become more than capable of utilising its tools to further their careers, or simply exercise their interest in fashion. The concept and culture of Faith Tribe is not one of gatekeeping. Rather, it opens the gate of entry much wider, providing not only access into the fashion industry, but also into blockchain itself.

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Britney is a market analyst who covers stories about the cryptocurrency world. She holds a Business Administration Degree in Finance and aims to let the readers understand crypto from a beginner perspective.